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Growing in new markets? Why startup engagement is for you

Verizon’s Corporate Innovation Challenge 2015

Years of working with corporations and startups together have shown us that many times corporations aren’t very aware of how to engage with the startup world or how they can benefit from a startup innovation program/challenge/competition. After hosting thousands of global innovation programs on our platform, we have seen multiple ways in which big businesses can engage with the startup ecosystem. They can both gain powerful and innovative ideas by coming together and learning to work as a team.

So, how exactly can your company work with startups and make it mutually beneficial? Take Verizon’s Powerful Answers Award for example. Even though Verizon is one of the largest communication technology companies in the world, their program is geared towards startups that are working outside conventional telco industries. In their last edition, they were looking for startups building solutions in transportation, emergency response and IoT. By focusing on innovative ideas outside of their corporate focus, they were able to engage with people from industries that they wouldn’t have otherwise and build the foundations for further engagement while solving problems the world is facing right now.

Could startups hold the key to where you are looking to grow? Let’s talk! Click here to learn more.